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CATEGORY: ethereum trading


Ethereum ETFs  - Why This is Different Than Bitcoin ETF's...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Sep 01, 2024 04:15

Ethereum ETFs - Why This is Different Than Bitcoin ETF's...

Late yesterday the Securities and Exchange Commission (SEC) officially approved Ethereum spot exchange-traded funds (ETFs) to begin trading today! Following in Bitcoin's footsteps, the world's second-largest cryptocurrency will now be accessible to investors through traditional markets.

Here's the list of the newly approved Ethereum ETFs and where you can find them:

  • Grayscale Ethereum Mini Trust (ETH) - New York Stock Exchange
  • Franklin Ethereum ETF (EZET) - CBOE Exchange
  • VanEck Ethereum ETF (ETHV) - CBOE Exchange
  • Bitwise Ethereum ETF (ETHW) - New York Stock Exchange
  • 21Shares Core Ethereum ETF (CETH) - CBOE Exchange
  • Fidelity Ethereum Fund (FETH) - CBOE Exchange
  • iShares Ethereum Trust (ETHA) - Nasdaq
  • Invesco Galaxy Ethereum ETF (QETH) - CBOE Exchange

In addition to these, the SEC has also given the green light for Grayscale to convert its Grayscale Ethereum Trust (ETHE) to a spot ETF, which is a big deal for those tracking crypto investments.

For those of you who are new to ETFs, or exchange-traded fund, is an investment fund that owns the underlying asset it representsin this case, Ethereum. When you buy shares of an Ethereum ETF, you are essentially buying a portion of the Ethereum owned by the ETF, which is managed by a financial company. This way, you can invest in Ethereum without needing to buy, store, or manage the cryptocurrency yourself.

Major BULL RUN Coming?!

What caught my eye is when looking back to May when the SEC approved Ethereum ETFs (said they will allow them, but did not yet have a launch date) Ethereum made some gains but, but there were multiple positive news stories that month, mainly US traders receiving conformation ETH 2.0 will not be viewed as a Security, and Ethereum's gains in May were mostly credited to news that US exchanges wouldn't have to de-list it.

When Bitcoin ETF's received the same approval investors responded in such large numbers it was actually credited with brining back the bull market. So by the time Bitcoin ETF's launched, most investors reacting to the news did so days/weeks earlier. This also likely had investors assuming 

I don't make price predictions, but I will make a suggestion that you take a look - when the market doesn't react to the announcement, it often means it will react to the launch. 

Those offering the ETH ETF are mostly the same companies that already offer the Bitcoin ETF, and they've done quite well, bringing in hundreds of millions of dollars.  They will now promote the ETH ETF to those same investors - and selling a token via an ETF requires the company to actually buy and own the asset. 

So, just something to consider.  

-------------------
Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News



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Jul 11, 2024 12:05

Ethereum Rising, 2 Million Addresses Will Be In Money If $3,200 Is Broken

Ethereum, mirroring the performance of Bitcoin and other top altcoins, is back above $3,000, days after the fall below $2,800. As the second most valuable coin recovers, injecting optimism among crashed token holders and traders, a close above $3,200 will be crucial in catalyzing demand. Ethereum Rising: Will Bulls Push Above $3,200? According to IntoTheBlock on July 10, if Ethereum edges above the $3,200 level, it will be a massive development for traders. When this happens, an estimated two million entities who traded ETH at this price point will be in the money. Therefore, if prices retest this level, those who went long can exit at break even. Alternatively, other “diamond hands,” expecting more gains on the horizon, can double down and ride the expected leg up. Related Reading: Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50 Thus far, there are hints of strength. However, though sellers are still in control, a breach of $3,300 will be crucial in the short to medium term. The $3,300 level, looking at the ETHUSDT candlestick arrangement in the daily chart, is previous support, but it is now resistance. A breakout, ideally with rising volume, will likely serve as a base for more gains, lifting the coin towards a key liquidation level at $3,700 and later $3,900. Conversely, if sellers take over, reversing recent gains and aligning with the July 4 and 5 losses, a drop below $2,800 will signal trend continuation. Looking at candlestick arrangements, Ethereum will dump to new multi-week lows in that event, even dropping to $2,500. Eyes On Spot ETFs, Whales Accumulating As ETH Becomes Scarce Overall, analysts are optimistic, expecting Ethereum to float higher. The anticipated launch of spot Ethereum exchange-traded funds (ETFs) in the coming days is a big catalyst behind this bullish outlook. Like how to spot Bitcoin ETFs opened the floodgates for institutional exposure in the world’s most valuable coin, the same inflow will likely be seen in ETH. With institutional demand, supports think ETH will tear higher, breaching $4,100 and registering new 2024 highs in the coming months. Related Reading: Big Rally Coming For Chainlink? Analyst Predicts Double-Digit Surge Interestingly, even the spot Ethereum ETF launch expectations do not seem to change traders’ outlook. On-chain data reveals that bullish sentiment is at a one-year low, pointing to caution among ETH holders. Meanwhile, as on-chain data illustrates, ETH outflows from exchanges have increased recently. All exchanges, including Binance and Coinbase, control 10.17% of ETH in circulation. Parallel data also shows that another chunk, representing 28% of all ETH in circulation, is staked. Feature image from DALLE, chart from TradingView

Jun 25, 2024 12:05

Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH, taking advantage of the recent correction. To reassert this outlook, the analyst said the trend observed from the Ethereum CME futures contracts’ open interest is a reliable telltale sign. Notably, this trend mirrors what transpired with Bitcoin futures before the launch of spot Bitcoin exchange-traded funds (ETFs). For this reason, the analyst is convinced that a similar pattern is printing for Ethereum. Related Reading: Bitcoin Bears Target $60,000 Level As Price Continue To Decline Currently, Ethereum is printing discouraging lower lows. Sellers have been resilient, deflating any momentum buildup and placing caps on bulls. So far, it is emerging that $3,700 is a resistance level for traders to monitor closely. Bulls did not launch a counter once it was broken on June 7, and the bear breakout was confirmed four days later on June 11. Despite the current market conditions, the launch of Ethereum spot ETFs could still drive prices to new heights. The analyst predicts a potential expansion to $5,000, confirming the Q1 2024 trend and the breakout above the current flag. Still, whether bulls will be in control depends on how price action pans out. Technically, open interest shows the cumulative summation of both open or long-leveraged positions. If buyers push prices to rise, ETH should expand in the coming days, even breaking $3,700 this week. Spot Ethereum ETF Optimism: Will They Be A Success? Beyond this, the recent flurry of activity surrounding spot Ethereum ETF applications bolsters this optimism. On June 21, seven applicants, whose 19b-4 forms were recently approved, submitted amended S-1 registration statements with the United States Securities and Exchange Commission (SEC). Analysts now think the regulator could approve the trading of these products by early July 2024.   Related Reading: Solana Slides 13% Can It Recover Despite Analysts $1,000 Prediction? While bullish for Ethereum, some analysts are not convinced they will enjoy similar success as those seen when spot Bitcoin ETFs began trading. Eric Balchunas, Senior ETF analyst at Bloomberg, predicted that spot Ethereum ETF would succeed if it grabs just 20% of all the capital inflow going to its Bitcoin counterpart. Feature image from DALLE, chart from TradingView

May 20, 2025 02:30

Ethereum Forecast 2025: Key Levels to Watch as ETH Eyes $5,234 Breakout

The world’s second-largest cryptocurrency by capitalization, Ethereum, is trading at $2,412.98 as it drops 3.71% over the last 24 hours. Owing to the decline notwithstanding, optimism in the markets is still high as is evident from a 129.87% increase in trading volume to $32.47 billion now. ETH has fallen 4.56% over the week to end […]

Apr 30, 2025 02:30

Ethereum (ETH) Eyes Breakout: Will $2,200 Resistance Mark the Next Bullish Surge?

Ethereum is indicating a potential breakout from a long consolidation period in a downtrend channel. Traders are keenly observing levels of resistance, at which a strong bullish continuation might be triggered as momentum starts to build up. Recent price levels are hinting at increasing buyer interest, so the next couple of days might become pivotal […]

Fidelity opens up Ethereum trading to institutional investors

Author: noreply@blogger.com (Unknown)
United States
Oct 20, 2022 11:35

Fidelity opens up Ethereum trading to institutional investors

Fidelity Investments’ digital assets unit is allowing institutional investors the opportunity to buy Ethereum (ETH) among other capabilities, according to an email the investment giant sent to clients.

This latest Ethereum news was also highlighted by Bruce Fenton, a stockbroker at Watchdog Capital.

Fidelity to offer Ether trading and custody

Fidelity’s announcement targets institutional investors looking for an entry into the Ethereum market following the smart contracts platform’s recent upgrade from a proof-of-work to a proof-of-stake blockchain.

Fidelity Digital Assets indeed notes this in the note to clients, pointing to its move to open up ETH custody and trading services to the recently completed Ethereum merge. The email notes in part:

“Wherever you are in your exploration of Ethereum and ether, its native token and currently the second largest cryptocurrency by market capitalization, Fidelity Digital Assets has the capabilities to help.”

As per the notification, interested institutional investors can access buying, selling and transfer of Ether via the dedicated digital assets unit as from 28 October. Users will enjoy the same security and services that the company offers to bitcoin investments, the email reads.

Fidelity launched its institutional-focused crypto custody and trading subsidiary in 2018. As we reported in September this year, the company joined Charles Schwab, Citadel Securities and other Wall Street firms to roll out the crypto trading platform EDX Markets.

The Ethereum trading offering to institutional clients comes weeks after Fidelity announced an Ethereum Index Fund for accredited investors.

The post Fidelity opens up Ethereum trading to institutional investors appeared first on Invezz.



from Cryptocurrency – Invezz

Jun 01, 2022 07:10

Traders’ Secret Revealed – BEST Prices to Buy and Sell Ethereum

Traders can buy or sell Ethereum depending on the sentiment of the entire crypto market. Let's explain how to trade Ethereum in 2022.

Feb 09, 2024 05:50

Prometheums Ethereum Custodial Launch Puts SECs ETH Classification In The Spotlight

Prometheum, an alternative trading platform for crypto securities assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Fortune Magazine reported that the companys strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), [...]

The post Prometheums Ethereum Custodial Launch Puts SECs ETH Classification In The Spotlight appeared first on Crypto Breaking News.

Oct 04, 2024 05:50

Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?

Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins. At present, the total market cap is down to $2.17 trillion. It could post even more losses should bears press on, reversing the gains [...]

The post Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling? appeared first on Crypto Breaking News.

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